AUDUSD unfolding in a WXY pattern.

Fibonacci relations within the completed double ABC pattern, suggest a larger WXY is unfolding. In this case targets for the Y would be the 0.618, 1.0 or 1.236 extensions. Could be further but not beyond 1.618.

Trade active:

The trade begins to gain traction. With a close below the 6 AMA (green MA) look for prices to extend rapidly towards the 7427 area

Trade closed: target reached:

Trade closed. A perfect hit.